UAE, Jordan Sign $100 Million Agreement To Promote Entrepreneurship
Sumaira FH Published November 20, 2018 | 09:30 PM
His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and King Abdullah II of Jordan, today attended the signing of a US$100 million agreement to finance micro, small and medium-sized enterprises (SMEs) in the Hashemite Kingdom.
AMMAN, (UrduPoint / Pakistan Point News / WAM - 20th Nov, 2018) His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and King Abdullah II of Jordan, today attended the signing of a US$100 million agreement to finance micro, small and medium-sized enterprises (SMEs) in the Hashemite Kingdom.
The agreement, signed at Al Husseiniya Palace here by Khalifa Fund for Enterprise Development and Jordan's Crown Prince Foundation, is aimed to support entrepreneurship and underpin the Jordanian government's efforts to ensure a stable and balanced economy.
It targets financing around 22,000 projects over five years and creating around 28,000 job opportunities for Jordanian youth. Women-focused projects account for 47 percent of the developments, with rural areas getting 40 percent of the finance.
Related Topics
Recent Stories
Digital transformation key priority for govt to improve tax collection: Aurangze ..
President-designate of COP29 for collective efforts to deal with climate change ..
Punjab Assembly Speaker suspends 27 members
World Migratory Bird Day being observed today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 11 May 2024
Today Gold Rate in Pakistan 11 May 2024
Taxing cigarettes a way forward for public and economic health
3 Gawadar attack victims funeral offered
Mbappe says he will leave PSG at end of season
Usmani felicitates Sardar Saleem on taking oath as Punjab Governor
DC for provision of facilities to people in Lasbela
Solar storm could bring auroras, power and telecoms disruptions
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago